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this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, bu
this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there...
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that's what they hear after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. on top earners. a just released poll shows nearly half of those ads say it's time to end tax cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks coul
that's what they hear after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. on top earners. a just released poll shows nearly half of those ads say it's time to end tax cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes. >> is the...
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Dec 7, 2012
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the obama administration agrees that this law is unconstitutional. it's now being defended by a lawyer hired by the house of representatives, and the case about is the defense of marriage act constitutional, that is one. there are several different cases raising that issue that the justices are probably going to decide whether to hear today. >> california's prop 8, what would that entail? >> propositional is a very different case because that's really a more fundamental case that potentially could apply in every state of the union. basically that question is does the constitution require that everyone, gay or straight, has the right to get married, and what makes the proposition 8 case potentially so earth-shaking in its politics is that it might not apply only in california. it might apply in the 40 plus states that don't have same-sex marriage. it could essentially bring same-sex marriage to the whole country. that's a very different, much broader issue than the defense of marriage act. >> and, jeffrey, explain to us, what is the difference if you
the obama administration agrees that this law is unconstitutional. it's now being defended by a lawyer hired by the house of representatives, and the case about is the defense of marriage act constitutional, that is one. there are several different cases raising that issue that the justices are probably going to decide whether to hear today. >> california's prop 8, what would that entail? >> propositional is a very different case because that's really a more fundamental case that...
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revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, i feel like we end up in a situation where all you doe is keep cutting taxes. you start to have a revenue problem. you give a payroll tax, you don't want to tack it away. you keep giving out things and never take them back. >> well, that's the same thing we do on the spending side. >> all those agencies -- is now st
revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies....
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revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that
revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective...
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Dec 6, 2012
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the use of chemical weapons is and would be totally unacceptable. >> reporter: obama administration and military officials say they believe president assad has gotten the message. >> we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> reporter: the syrian regime, which has been massacring citizens for nearly two-straight years, has been careful not to confirm it has the weapons. >> even if we have them, we shall not use them against our people. >> reporter: but president assad's father used chemical weapons. and officials believe pressure on the current government is mounting. opposition is making tactical gains that could trigger a shift in the conflict. the state department believes the conflict is growing closer to assad and is looking into reports that assad's men are looking for a place to go into exile. >> tahman bradley, live in washington. thanks, tahman. >>> we also have breaking news this morning from egypt. deadly clashes between opponents and supporters of egypt's new president. at least five people were k
the use of chemical weapons is and would be totally unacceptable. >> reporter: obama administration and military officials say they believe president assad has gotten the message. >> we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> reporter: the syrian regime, which has been massacring citizens for nearly two-straight years, has been careful not to confirm it has the weapons. >> even if we have...
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. >>> we are getting reaction from the obama administration now which has been closely monitoring the numbers in washington. that's where we find the white house correspondent brianna keilar. we hope the leaf blower is done. what do you hear? >> reporter: no leaf blower, no jackhammer. we are getting reaction from the white house, obviously. they saw this positively, don. month surprise. this coming from the chairman of the president's council of economic advisors. it says while more work remains to be done today's employment report provides further evidence the u.s. economy is continuing to heal and continuing to heal from the wounds inflicted by the worst downturn since the great depression. this is obviously similar to what we heard in past months. but the president or -- certainly the white house pointing to this as proof that his economic policies should continue. specifically in this reaction. they point to that bush era tax cut for middle class americans that's set to expire along with tax cuts for all americans. here at the end of the year saying that that needs to get pushed
. >>> we are getting reaction from the obama administration now which has been closely monitoring the numbers in washington. that's where we find the white house correspondent brianna keilar. we hope the leaf blower is done. what do you hear? >> reporter: no leaf blower, no jackhammer. we are getting reaction from the white house, obviously. they saw this positively, don. month surprise. this coming from the chairman of the president's council of economic advisors. it says while...
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Dec 13, 2012
12/12
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republicans have criticized the obama administration for its flawed early public explanation of the attack. >>> 4:50 two the big change you may hear today -- in the tv commercials you watch. >>> plot to murder justin bieber. why a man you disgust me. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once they try finish, they can't keep it to themselves. i'm switching for good. wow ! awesome ! finish is seriously good. cannot believe how great it works. incredible shine. i won't use anything else. love, love, love finish ! so far over a million neighbors, friends, and family have switched to finish. join the finish revolution. recommended by more dishwasher brands worldwide. . >>> the loaning awaited return of the google maps app is hitting apple devices this morning nearly three months after apple replaced google maps with its own mapping app which was plagued with wrong or missing information. google says the new ipho
republicans have criticized the obama administration for its flawed early public explanation of the attack. >>> 4:50 two the big change you may hear today -- in the tv commercials you watch. >>> plot to murder justin bieber. why a man you disgust me. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once...
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Dec 13, 2012
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. >> do you think it's fair for what the obama administration is doing to iran now, saying you can't have nuclear weapons but we can. >> we have thousands of nuclear weapons. how can we say to other countries you can't have two, particularly when we said it was okay for israel to have 100. >> do you think it iran has nuclear weapons it will be a dangerous situation? >> it's already a dangerous situation. >> how so? >> because russia and the united states have nuclear weapons, israel has them, pakistan has them, india has them. about eight countries have them. they're extremely dangerous. if they all went off at once, it would clearly destroy the word completely. >> you think ahmadinejad should have nuclear weapons sas well? >> nobody should have them. either we all have them or nobody has them. we play by the same rules. equal rights for ewall people. women have equal rights with men. in afghanistan people have equal rights with the united states. >> what do you think -- this is the last question. what do you think of -- when you watch the world and you see what's happening and there
. >> do you think it's fair for what the obama administration is doing to iran now, saying you can't have nuclear weapons but we can. >> we have thousands of nuclear weapons. how can we say to other countries you can't have two, particularly when we said it was okay for israel to have 100. >> do you think it iran has nuclear weapons it will be a dangerous situation? >> it's already a dangerous situation. >> how so? >> because russia and the united states have...
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administration. >> i will never get tired of talking about high-speed rail. this is so important to the next generation. >> construction is expected to begin next spring but finishing it and paying for it depends on how well lawmakers get along. >>> national standardize test scores are in and they are troubling for california students who lag behind. over all california 4th and 8 8th graders scored fifth from the bottom in vocabulary tests. the state's african american, asian and latino scores improved. >>> couples with children may live longer than those who don't have kids. researchers found that couples with children were less likely to die prematurely and adoptive parents show better mental health. >>> one day after a deal to keep opd out of receivership, one group is applauding it. >> if you are looking looking for fresh fruits and vegetables in one san francisco neighborhood, this is the only place you will find it but this store could be closing. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to
administration. >> i will never get tired of talking about high-speed rail. this is so important to the next generation. >> construction is expected to begin next spring but finishing it and paying for it depends on how well lawmakers get along. >>> national standardize test scores are in and they are troubling for california students who lag behind. over all california 4th and 8 8th graders scored fifth from the bottom in vocabulary tests. the state's african american,...
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joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an incredibly popular position. it's important for republicans to know that the white house is not going to accept any kind of a deal. that's the point he was trying to make. i think all the leverage now is with the democrats, with the president. the american public is on his side. i think it's important for the republicans not to think that they can just get any kind of deal out of him because if they do go over
joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a...
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Dec 8, 2012
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do you agree, sir, with the obama administration that chemical weapons are a red line and should be a red line? >> they are a perfectly reasonable red line, but they are only a red line if they are used. as of now there's no reporting, no information to the effect that they are being used against anyone, and it's hard to envisage how they could be used because if the resistance is scattered, sporadic, then how can you employ these weapons? it's not very likely to me, at least, that the regime will start poisoning itself, particularly in dmamascus which is a big city and which could be the object, but that would make absolutely no sense. >> is it simply too dangerous, do you think, for the u.s. to get involved in the region? i mean, you have iran, iraq, israel. they are all right there. >> i think the more serious issue which goes beyond the slightly hysterical hype is what sort of regime can be created in syria that is stable, and how do we avoid such fragmentation that the conflict in syria spills over into jordan and lebanon and conceivably also activates conflicts in iraq. this is
do you agree, sir, with the obama administration that chemical weapons are a red line and should be a red line? >> they are a perfectly reasonable red line, but they are only a red line if they are used. as of now there's no reporting, no information to the effect that they are being used against anyone, and it's hard to envisage how they could be used because if the resistance is scattered, sporadic, then how can you employ these weapons? it's not very likely to me, at least, that the...
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Dec 6, 2012
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the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there. >>> now to the pink slips at citigroup. the company is slashing 11,000 jobs worldwide. about 4% of its work force. more than half of those cuts will come from consumer banking. and they're aimed at saving $900 billion next year alone. investors were apparently pleased. because citi stocks shot up more than 6%. >>> the world's biggest coffee chain is about to get even bigger. starbuck's is planning to add 1,500 cafes across the country over the next five years and another 1,500 in canada and latin america. the company has big expansion plans in china. there are currently more than 18,000 starbuck's around the globe. they're now c
the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there....
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>>> plus, sudden about face from the obama administration on school lunches. why? because of a silly viral video. >>> and the life of robbie shankar. the legacy of a beatles mentor and the father of norah jones. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. >>> the road trip one war veteran was taking was supposed to be about fun, and relaxation, but turned into torment and threats against jon hammar and his family. you see, for the last four months he has been in this mexican jail for allegedly trying to take an illegal weapon into the country. the weapon here, this was the family heirloom, a shotgun he intended to hunt with and he even got paperwork from the u.s. customs to take it across the border into mexico.
>>> plus, sudden about face from the obama administration on school lunches. why? because of a silly viral video. >>> and the life of robbie shankar. the legacy of a beatles mentor and the father of norah jones. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes!...
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Dec 13, 2012
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the obama administration called the launch a provocative act. >> house republican leaders are pressing president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the whit
the obama administration called the launch a provocative act. >> house republican leaders are pressing president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign....
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Dec 5, 2012
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the obama administration has faced accusations it gave undeserved access to the film makers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the film makers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you would understand we take protecting our sources and sort of the exact methodology of our sourcing pretty seriously, just in the same way if i asked you how exactly did you source that story. >> reporter: katherine, when you hear mark talk this way, are you a journalist or a film maker? >> that's a good question. well, i certainly try to be as faithful to the research as possible and make a good movie and make a film that was timely. >> reporter: but how much access they got is the issue. >> obviously things went wrong here. >> reporter: congressman peter king, chairman of the house homeland security committee, first called for an investigation at both the cia and the pentagon. >> there was an event where operatives were involved and they did not know until they got there that
the obama administration has faced accusations it gave undeserved access to the film makers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the film makers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you would understand we take protecting our sources and sort of the exact methodology of our sourcing pretty seriously, just in the same way if i asked you how exactly did you source that...
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Dec 5, 2012
12/12
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this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director for help. >> people woke up to this headline "u.s. denies aid to storm victims." this is the picture. >> the senator speaks wednesday at a sub committee on capitol hill expressing sadness and disbelief that fema denied the state's request for individual assistance for residents affected by superstorm sandy. also in attended was another senator who pointed out why the state was spared 30 inches of snow still fell and areas around the crab capitol were destroyed by flooding. >> if you live in parts of maryland you are suffering as much as any community in this storm. >> both the governor and fema director have pledged to appeal the denial, has expressed outrage saying "i cannot remember a public policy decision that more deeply grieves me than the denial of individual assistance aid to families, homes, easy businesses. as one of maryland's poorest counties they need the help t
this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director for help. >> people woke up to this headline "u.s. denies aid to storm victims." this is the picture. >> the senator speaks wednesday at a sub committee on capitol hill expressing sadness and disbelief that fema denied the state's request for individual...
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the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historical sort of review, clearly there were different laws passed at the st
the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then...
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it doesn't matter what the obama administration is doing. we waited 21 months. 40,000 syrians were killed. thousands of syrian versus fled to turkey, iraq and jordan. many are refugees. the city has been completely leveled to the ground, and now we come, we offer this recognition, it's very lame. >> eliot: will we be in position to affect the outcome. let me state this as a premise. i take it as a premise that assad will fall at some point. his civil society is fallen. do you accept that premise. >> it was a year ago when the obama administration said bashar is a dead man walking. a year later we can see that this may be the end game, but it has nothing to do with what we do and what we say. and indeed president obama gave hillary clinton secretary of state to promise that the cavalry was on the way and they never showed up. >> eliot: what i heard was there was not much they could do to affect the dynamics of this revolution. >> they were skillful in the way they depicted this fight. the only thing we could do is to have boots on the ground.
it doesn't matter what the obama administration is doing. we waited 21 months. 40,000 syrians were killed. thousands of syrian versus fled to turkey, iraq and jordan. many are refugees. the city has been completely leveled to the ground, and now we come, we offer this recognition, it's very lame. >> eliot: will we be in position to affect the outcome. let me state this as a premise. i take it as a premise that assad will fall at some point. his civil society is fallen. do you accept that...
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do you think syria is in that same space for the obama administration? is that where the cost benefit is coming in. >> i think so. look at the fact we've got 30 to 40,000 people that have been killed. you have a chemical weapons problem looks like it will be difficult to contain. al qaeda is creeping up in this part of the world. let's not forget, all the critical countries that border syria. iraq where we've invested blood and treasure that could come at risk by having an overflow from syria. obviously the news a front is from is from kuwait. lebanon highly unstable country controlled in large part by hezbollah a iranian proxy. you could watch things spill over there. israelies are biting their nails. jenna: you say if it is too late what do we do? if that is the case what do we do now? >> i think we'll have to wait and see how the administration takes next steps here but i don't see anything that we can do right now to insure that the right people come to power. we're designating al qaeda types and other radicals and say we shouldn't be working with th
do you think syria is in that same space for the obama administration? is that where the cost benefit is coming in. >> i think so. look at the fact we've got 30 to 40,000 people that have been killed. you have a chemical weapons problem looks like it will be difficult to contain. al qaeda is creeping up in this part of the world. let's not forget, all the critical countries that border syria. iraq where we've invested blood and treasure that could come at risk by having an overflow from...
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Dec 13, 2012
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obama administration said it was a spontaneous event linked to a video. catherine herridge is live for us on capitol hill. there's been this back and forth now. even as much as a moment ago about when secretary of state hillary clinton will testify. what do you know? >> good to be with you. we've got a situation where two congressional committees are saying the secretary of state will testify on capitol hill today but a short time ago at a briefing there was a suggestion there could be a slide on the date because of a arb not being complete. >> the arb is continuing to do its work. to my knowledge it's not yet concluded its work. it decided to keep deliberations confidential until it's finished. our expectation is that after the arb reports to the secretary, then she will have consultations with congress. >> one of the key issues in this review is whether the state department has culpability for the deaths of four americans in benghazi. as fox reports based on the cable there was an emergency meeting in benghazi a month before the attack where the individ
obama administration said it was a spontaneous event linked to a video. catherine herridge is live for us on capitol hill. there's been this back and forth now. even as much as a moment ago about when secretary of state hillary clinton will testify. what do you know? >> good to be with you. we've got a situation where two congressional committees are saying the secretary of state will testify on capitol hill today but a short time ago at a briefing there was a suggestion there could be a...
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>> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been great for this country. this particular stock, speaking of earth, i would say $42.90 would be a good number for them. lori: the manager is at the center of what the feds are calling the largest ever insider-trading case. charlie gasparino joined us in the case against matthew martoma adam: war spending and buying from the federal reserve. ♪ >> 21 minutes past the hour. this is your fox news minute. and american soldier has been attacked in afghanistan. that is all coming just hours after leon panetta left the area. the pentagon confirming a new goal board explosive device. a north korean satellite repo
>> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been...
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Dec 7, 2012
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obama administration says it agrees that the law is unconstitutional so the house of representatives has hired outside lawyers to represent the law. >> because justice department has said you know what, this is ugly and we don't like it. it is here. but we are not going to enforce it. if this goes to the supreme court, who argues on behalf of the government? if the government does want to discuss it who discusses it for the government? >> paul clement, very distinguished lawyer hired by the house of representatives. former solicitor general under george w. bush. he argued the health care case and argued the arizona immigration case. she a very experienced advocate. that position will be very well represented. >> strangely we wouldn't have the current solicitor general. >> it happens, you know, about once every ten years. when the department of justice says we cannot represent the government. we just think that this is beyond the pale. that's what he is there done here. >> let me flip to prop 8. just so everyone is clear what jeffrey was talking about with the defense of marriage act
obama administration says it agrees that the law is unconstitutional so the house of representatives has hired outside lawyers to represent the law. >> because justice department has said you know what, this is ugly and we don't like it. it is here. but we are not going to enforce it. if this goes to the supreme court, who argues on behalf of the government? if the government does want to discuss it who discusses it for the government? >> paul clement, very distinguished lawyer...
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Dec 10, 2012
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the obama administration had a pretty good proposal to crack down on this stuff back in 2009. never went any place. and that's not surprising given how much money is raised from google. >> what i would say is it is their fiduciary duty to pay a low tax rate. that's what the law says. that's what they have to do. i believe that's what they are doing in this case. >> you know, they talked in the past in washington about a moratorium of some kind to allow companies to repatuate the funds they have overseas. would that satisfy what you're talking about here? >> no -- we need real systemic reform. fiduciary responsibility. google has a brand as one of the good guys. if irt starts to tarnish that brand, that's bad for shareholders long-term. and i think this tarnishes its brand. >> what if we saw a lowering -- it's not on the table obviously. but in theory land, what if we saw a lowering of the corporate tax rate? would that bring an end to this? >> i don't know if it's necessarily a lowering of the actual rate. what is called for is simplifying the structure, letting people know wh
the obama administration had a pretty good proposal to crack down on this stuff back in 2009. never went any place. and that's not surprising given how much money is raised from google. >> what i would say is it is their fiduciary duty to pay a low tax rate. that's what the law says. that's what they have to do. i believe that's what they are doing in this case. >> you know, they talked in the past in washington about a moratorium of some kind to allow companies to repatuate the...
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Dec 7, 2012
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white house press secretary jay carney said wednesday it's too early to say how much relief money the obama administration will request---he pointed out the administration has already designated more than two-billion dollars.transportation secretary ray lahood announced ten million more dollars for new jersey thursday. the governors' requests come as washington is caught in heated debates on how to avoid the fiscal cliff. in washington, emily schmidt, kron4 news you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ a fresh-cut tri tip sirloin served with a succulent lobster tail. just $16.99. sizzler. >>pam: now for today's market update. stocks post little gains amid the ongoing budget talks in washington. apple stock rebounded from yesterday's drop
white house press secretary jay carney said wednesday it's too early to say how much relief money the obama administration will request---he pointed out the administration has already designated more than two-billion dollars.transportation secretary ray lahood announced ten million more dollars for new jersey thursday. the governors' requests come as washington is caught in heated debates on how to avoid the fiscal cliff. in washington, emily schmidt, kron4 news you won't take my life. you...
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Dec 13, 2012
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administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cm
administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach....
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Dec 6, 2012
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about four years ago when the first obama administration came in, eric holder signalled that they were not going to prosecute, go after medical marijuana in states that had approved it. since that time, a huge medical marijuana industry has popped up here. we have about 500 medical marijuana stores here and over 100,000 people on the medical marijuana registry. even though it's still against federal law, medical or not, so the advocates here are hoping that at the minimum they'll get that kind of wink and a nod sort of for the federal government. it still doesn't really settle anything, but that's their sort of early stage hope. they're realistic and know that this could well end up in court, and as you heard in the piece, they are ready to fight for what they call the will of colorado voters. >> so in the meantime here, if you're one of these people who is smoking in colorado or you want to smoke in colorado, could you get arrested, or it's just considered legal and it's okay? >> well, you're not going to get arrested in the short-term because it would really take, i guess, federal au
about four years ago when the first obama administration came in, eric holder signalled that they were not going to prosecute, go after medical marijuana in states that had approved it. since that time, a huge medical marijuana industry has popped up here. we have about 500 medical marijuana stores here and over 100,000 people on the medical marijuana registry. even though it's still against federal law, medical or not, so the advocates here are hoping that at the minimum they'll get that kind...
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Dec 10, 2012
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the obama administration has set a goal of eliminating homeless veterans and chronic homelessness by the end of 2015. >> coastal communities destroyed by superstar on sandy are rushing to rebuild their boardwalks and tie for next summer. they are in the race to finish by the end of may to retain tourists money that will need next year. seaside, that's- seaside heights, new jersey gets about 75% of its budget for tourism. towns like bellmawr, under their spending around 200--$20 million to rebuild its war wall. new york mayor olmert has said no new wooden boardwalk should be built. as he favors concrete boardwalk we will get an update on the dry times in the morning commute coming up and watch of the weather. we have blue sky out there on this chilly monday morning when we act in a minute on kron 4 morning morning when we act in a minute on krlook at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for
the obama administration has set a goal of eliminating homeless veterans and chronic homelessness by the end of 2015. >> coastal communities destroyed by superstar on sandy are rushing to rebuild their boardwalks and tie for next summer. they are in the race to finish by the end of may to retain tourists money that will need next year. seaside, that's- seaside heights, new jersey gets about 75% of its budget for tourism. towns like bellmawr, under their spending around 200--$20 million to...
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Dec 11, 2012
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remember, the first thing that happened during the first obama administration for the housing market was the 2009 stimulus. that about $800 billion over a couple of years, but the fiscal cliff is more than the reverse of that. it's more than an anti-stimulus, and everything that the stimulus did to help the economy and the housing market, fully going over the fiscal cliff would do even more in the reverse direction. >> okay. >> that would be the worst thing. >> that would be the worst thing. putting aside the worst case scenario and the mortgage deduction cut first. we've made great strides, right, in terms of the housing recovery? if anything we're accelerating in the housing recovery this year. are the fundamentals strong enough to just be able to overstep any problems with the mortgage deduction? >> it depends what happens with the mortgage interest deduction and we don't know yet what the details will look like. no one is suggesting eliminating it immediately. the proposals are likely to be slowly over time. they are likely to be gradual or partial. the main effect of cutting bac
remember, the first thing that happened during the first obama administration for the housing market was the 2009 stimulus. that about $800 billion over a couple of years, but the fiscal cliff is more than the reverse of that. it's more than an anti-stimulus, and everything that the stimulus did to help the economy and the housing market, fully going over the fiscal cliff would do even more in the reverse direction. >> okay. >> that would be the worst thing. >> that would be...
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so that the obama administration knows that, the democratic party knows it's all going their way, all the propaganda, all the stuff that reaches the american people through the myriad of media outlets is all about tax rates for the rich and nothing about getting spendin spending r control. they walk into the room and go blank you guys, we're not giving you anything. we know the real story won't be reported. it's frightening. >> it is. the other piece of this, bill, that's very important is the consequence of not tackling the entitlement spending and reforming the programs so they cost less. it's very severe. they're not immediate. the president has what he considers to be some time to either deal with this or perhaps not deal with it and he leaves office and it's for the next person to deal with. now, it would take a lot of courage for him and he would have to break a lot of china in his own party to say we've got a short-term fiscal cliff and we've got a bi bigger one that that. i want to head it all off, and it will take a bargain to do it and i'm ready to do it. he talks about it,
so that the obama administration knows that, the democratic party knows it's all going their way, all the propaganda, all the stuff that reaches the american people through the myriad of media outlets is all about tax rates for the rich and nothing about getting spendin spending r control. they walk into the room and go blank you guys, we're not giving you anything. we know the real story won't be reported. it's frightening. >> it is. the other piece of this, bill, that's very important...
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>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad ways to finance it. on the other hand, if they're getting rid of the ethanol loophole and all that, it's good news. i don't trust the white house because their track record is so far to the left. >> you're not trusting them, i get that. what about this sort of conundrum. supposed they did drop the corporate tax rate from 35 to 28 and pay for it with loophole closures and put that aside. if you're a small business, you might still be sitting with higher tax rate because the upper end tax rates are going up. a small business subchapter s may be at 40% or 44% with obama care, while th
>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad...
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Dec 12, 2012
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that could take some time, though, even though the obama administration is hoping the recovery will speed up. let's bring in our kmeef white house correspondent jessica yellin. what is the white house saying about today's dramatic, very important decision by the federal reserve? >> reporter: wolf, as usual, they are saying nothing. they don't want to comment on fed policy from the white house podium because they never want to say anything that might rock the markets. but i can tell you that democrats generally view these moves as a positive sign something that will create predictability for business so that's something that pleases them. also, behind closed doors here at the white house, wolf, they have been meeting with business leaders today. the president's top advisers and chiefly his economic team has been meeting with ceos and wall street hon chos trying to continue their charm offensive to help some of the nation's top business executives sell their deal on the fiscal cliff and this week the white house had a major victory on that front. the business roundtable, the group that repr
that could take some time, though, even though the obama administration is hoping the recovery will speed up. let's bring in our kmeef white house correspondent jessica yellin. what is the white house saying about today's dramatic, very important decision by the federal reserve? >> reporter: wolf, as usual, they are saying nothing. they don't want to comment on fed policy from the white house podium because they never want to say anything that might rock the markets. but i can tell you...
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Dec 9, 2012
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we are hoping the obama administration will take opportunity on second administration lame duck working on legacy to say hey, the voters -- the citizens voted in these two states. let's let the states work it out. >> geraldo: that's vivian mcpeak and trip keebler weren't you a federal prosecutor in that very office? >> i'm going to tell you they are not going to let this go and happen in the state. no, the feds can come in, as you know, as you just said and trump anything that the state does. >> controlled substances abuse act into federal law? >> right. when i was a federal prosecutor we had a zero tolerance program came in from the border of canada. put in jail for a day. record was expunged. little bit of a sign. >> >> do you think the fed are going to do that even the majority. >> attorney's office, yes. >> you have got 18 states passing medical marijuana already. a third the american people. isn't the writing on the wall here, this prohibition of marijuana is over? >> i really think is, look. you do as he says federal government. look if we pass a law. our law it is superior to you
we are hoping the obama administration will take opportunity on second administration lame duck working on legacy to say hey, the voters -- the citizens voted in these two states. let's let the states work it out. >> geraldo: that's vivian mcpeak and trip keebler weren't you a federal prosecutor in that very office? >> i'm going to tell you they are not going to let this go and happen in the state. no, the feds can come in, as you know, as you just said and trump anything that the...
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>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to being fattening given to you by the government? stuart: and just trying to raise some mild objections. let me escape. that includes private practice doctors. after the break, a chiropractor and return this staff and stops taking any insurance all because of obamacare. it's a new day. if you're a man with low testosterone, you should know that axiron isis here. the only underarm trtment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become preg
>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to...
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any other response from the administration. >> reporter: the obama administration came into hower with only limited approaches for north korea and hasn't managed over the last four years to develop any truly creative new ones. the launch occurred just before 8:00pm eastern time last night, the analysts say the test of this long-range model was largely successful and helped the dictatorship cross an important threshold of being able to pair a nuclear war hold with a intercontinental missile. the next threshold they cross will make yeongpyeong a threat to the united states. assistant secretary of state kurt campbell is in the philippines, 200 miles east of that country when the rocket's second stage fell to aert. earth. campbell offered only a hint how the u.s. will proceed from here. >> we will be working closely with our allies, south korea, japan, others to do a full assessment of what's transpired. our primary point at this juncture is that this step is provocative, in strict violation of u.n. security council resolutions, and we, along with the philippines and other countries in the
any other response from the administration. >> reporter: the obama administration came into hower with only limited approaches for north korea and hasn't managed over the last four years to develop any truly creative new ones. the launch occurred just before 8:00pm eastern time last night, the analysts say the test of this long-range model was largely successful and helped the dictatorship cross an important threshold of being able to pair a nuclear war hold with a intercontinental...
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leadership under president obama this is the administration i think that has significantly led from behind. it's outsourced its own u.s. leadership on the world stage countries like france and turkey. this is not an administration that is interested in powerfully projecting american leadership internationally. we now see, of course, the middle east going up in flames. and there is absolutely no leadership whatsoever coming from washington at this time. i describe the obama president's foreign policy as an absolute disaster. one that has significantly undercut key u.s. allies, including of course israel and great britain while appeasing america's enemies on the world stage. from iran, for example through to sudan to north korea and now, of course, we see the situation in egypt significantly deteriorating. and barely a word of condemnation coming from the obama administration with regard to morsi's dictatorship in cairo. >> obviously retreating on freedoms without a doubt, clamping down on personal liberty, religious liberty. that's a big concern with morsi. and human rights activists around
leadership under president obama this is the administration i think that has significantly led from behind. it's outsourced its own u.s. leadership on the world stage countries like france and turkey. this is not an administration that is interested in powerfully projecting american leadership internationally. we now see, of course, the middle east going up in flames. and there is absolutely no leadership whatsoever coming from washington at this time. i describe the obama president's foreign...
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it certainly looks that way i mean there's as you say there's seven cases here in the obama administration depending on how you count them two three or four during all presidential administrations before at least in terms of espionage act cases related to leaks and so it does seem to be a trend to really either have a zero tolerance and force one policy or at least some kind of much stricter more rigorously enforced when you're in the question's going to be is it fair to charge some people with felonies for the kinds of violations that other people in the past have gotten a slap in the wrist for or maybe just lost their clearance or their job yet you know whether or not it's a tragedy and them we are seeing that the seventh person now and this is kind of raising suspicion that. whistleblowers are accused whistleblowers are are being singled out are there is a there's a crackdown on those that try to blow the whistle. yet i mean in several of these people could be characterized as whistleblowers i'm not sure this latest case the seventh case is the best example of that because he was sendin
it certainly looks that way i mean there's as you say there's seven cases here in the obama administration depending on how you count them two three or four during all presidential administrations before at least in terms of espionage act cases related to leaks and so it does seem to be a trend to really either have a zero tolerance and force one policy or at least some kind of much stricter more rigorously enforced when you're in the question's going to be is it fair to charge some people with...